Amy A.
Are $1M+ commercial loan terms better?
I am looking to expand my portfolio into bigger multifamily properties out of my area. Right now all of my loans for 5+ units are with a local bank. They are around 4.5% interest, 5 year fixed with 25 year amortizat...
Dustin Dummer
Need better understanding of financing options
BiggerPockets has got me all fired up but now I have to figure out a way to make something happen.I've found a property, actually 2, but for now I'm focusing on the financing for a 4-plex. I'm interested in further un...
Lori Lusk
Portfolio Lenders - Are They Any Better?
Hello BP!I am a new investor in the Puget Sound - more specifically, targeting Snohomish and Pierce Counties. I have been shopping local bank and credit unions for rates on a cash out refi and HELOC on a rental that m...
Matt Dixon
Better application just before accepting deposit
I finished screening a tenant over the weekend and am meeting them in a few hours to get a deposit, which for me de-lists the property and would stop any other screening activities. I just had a second application co...
Pauline G.
HELOC vs CELOC? Which is better?
I own 3 rental properties in cash, all were inherited. I am new to financing. I am aware that it is wise to leverage my equity and invest further so I'm asking for advice. I am a student so I live from the rental in...
Carol Hall
Got a better idea, please share
I have an agent representing a buyer that has moved out of state. She currently owes $508 over the last two years in property taxes. The house is selling for $45,000 its 3/1.5. The property appraiser Just Market value...
Milan Herskovich
New Hud Guidelines, better or worse?
I own a duplex in Cincinnati, rented out to section 8 tenants. I received the following email today.Good Afternoon,Be prepared! HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National ...
Dave Versch
Two possible deals - which is better?
Hi Everyone,
I'm looking at 2 possible deals, and I'm only going to be able to swing one of them at this time. Planning buy and hold. Question is, which one sounds better:
Deal 1:
Bank-owned, 8 units, asking 250K,...
Kelvin He
Which one is the better deal?
Hey guys. Buying a house.5% down, 30 year.Option 1:15k upfront, 2.1k/month for 30 yearsOption 2:19k upfront, 2k/month for 30 yearsWhats the better deal? How do I figure out? ROI? IRR? Thanks.
Todd Lightfoot
How to get a better appraisal?
My question is about appraisal's. I am looking to get into rentals and I see you can get loans for up to 80% LTV. I know in the past if the appraisal came out higher than the asking price you could have equity right a...